Ethereum (ETH)$ETH has smashed past previous records, with network transactions and staking levels hitting new highs — all while the SEC’s latest stance gives liquid staking a major regulatory green light.

📊 Market Snapshot

The seven-day average of daily Ethereum transactions climbed to 1.74 million, surpassing the previous record of 1.65 million set back in May 2021. This surge coincides with staked ETH levels hitting an all-time high, fueled by strong institutional demand.

Key Drivers:

  • SEC Boost: The U.S. Securities and Exchange Commission’s Division of Corporation Finance clarified that certain liquid staking activities and staking receipt tokens do not count as securities under the 1933 Securities Act — provided they meet specific criteria.

  • Staking Strength: Over 36 million $ETH

    — nearly 30% of total supply — is now locked in staking contracts, reducing liquid supply and easing selling pressure.

  • Institutional Inflow: Growing “crypto treasury companies” are holding ETH directly or via dedicated vehicles, increasing demand.

🏦 The Treasury Effect

Public companies now hold $11.77 billion worth of ETH.

  • BitMine Immersion Technologies: 833,100 ETH (~$3.2B)

  • SharpLink Gaming: ~$2B in $ETH

  • The Ether Machine: ~$1.34B

Ethereum co-founder Vitalik Buterin welcomed the trend in a recent podcast, calling ETH treasuries “good and valuable” for giving investors more options. But he also warned against excessive leverage, which could trigger damaging liquidation cascades.


“If you woke me up three years from now and told me treasuries led to ETH’s downfall… my guess would be it turned into an overleveraged game,” Buterin said.


💹 Price Action

  • ETH has rallied 163% since April’s low of $1,470, now trading around $3,909 — narrowing the gap with Bitcoin and Solana.

  • In just the first half of June, over 500,000 ETH (~$1.8B) was staked, signaling rising confidence and continued supply reduction.

📌 What Traders Are Watching

  • Continued institutional adoption after SEC’s clarity

  • ETH’s push toward the $4,000 mark — last seen in December

  • Staking rates and liquid supply trends as potential momentum driver

📅 My Take: With nearly a third of ETH locked up and regulatory uncertainty easing, Ethereum’s setup looks strong. But as Vitalik hinted — overleverage could turn a rally into a rout. Smart accumulation beats risky chasing.